Different treatment Single-Entity vs. Multi-Entity Cash Pools for Risk-Weighted Assets (RWA). Must-know about Basel-3. (4/4)

Different treatment Single-Entity vs. Multi-Entity Cash Pools for Risk-Weighted Assets (RWA). Must-know about Basel-3. (4/4)

A series on what Treasury Professionals should know about Basel-3. This article explains why and how Risk-weighted Assets (RWA) affect Cash Pools (in particular Multi-Currency Multi-Entity Cash Pools). Also: the added value of RWA now that banks already need to meet ratios like Liquidity Coverage Ratio (LCR) and Leverage Ratio (LR). Continue reading Different treatment Single-Entity vs. Multi-Entity Cash Pools for Risk-Weighted Assets (RWA). Must-know about Basel-3. (4/4)

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What was first? Lehman Brothers’ collapse or Basel-3? And how did Asia get dragged in? (3/4)

What was first? Lehman Brothers’ collapse or Basel-3? And how did Asia get dragged in? (3/4)

A series on what Treasury Professionals should know about Basel-3. In this article the timing of Lehman Brothers’ collapse and the introduction of Basel-3. Also a closer look at how Asia, in particular Singapore, got dragged in. Continue reading What was first? Lehman Brothers’ collapse or Basel-3? And how did Asia get dragged in? (3/4)

Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools. (2/4)

Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools. (2/4)

What Treasury Professionals should know about Basel-3. In this article “Leverage Ratio (LR) and Notional Cash Pools”. Many have overheard that also the LR seems at odds with Notional Cash Pools. What does it mean? Why and how does it hurt banks? Many have an opinion, but only few know the facts. This article explains. Continue reading Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools. (2/4)

Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools. (1/4)

Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools. (1/4)

What Treasury Professionals should know about Basel-3. Many have overheard that the LCR seems at odds with Notional Cash Pools. What does it mean? How is it calculated? Why and how does it hurt banks? Many have an opinion, but only few know the facts. This article explains. Continue reading Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools. (1/4)

A Holistic view on Transfer Pricing – IRAS follows the Global Trend.

A Holistic view on Transfer Pricing – IRAS follows the Global Trend.

November 3rd this year, the IRAS (Inland Revenue Authority of Singapore) published an update of its guidelines as it pertains to related party transactions. Starting 2018, if the value of related party transactions in the audited accounts for the financial year exceeds a fairly low threshold of 15 million SGD, certain details of these related party transactions must be reported. Continue reading A Holistic view on Transfer Pricing – IRAS follows the Global Trend.

IFRIC – Meeting the requirements.

IFRIC – Meeting the requirements.

For offsetting purposes under IAS 32, the set of requirements is, and always has been; (i) a legal basis, (ii) the legal enforceable right to offset (iii) the intention to settle. In the past it was argued that, though it seems a contradiction in termini, the intention can only be demonstrated by actual settlement, otherwise there is no intention. Hence the latter was facilitated for cash pools by various ways of physically offsetting balances (transfers) at a certain point in time in the year. Looking at how IFRIC requirements can be met. Continue reading IFRIC – Meeting the requirements.